4 Credit Card Mistakes Everyone Makes (And Doesn’t Realize)
Video Overview & Insights
Head to https://pestie.yt.link/Wh95A5Q & use my code MARK10 for an extra 10% off your first order! Click “Show More” to see Ad Disclosure.
🪲 Pestie | Code: MARK10
https://pestie.yt.link/Wh95A5Q
🚨 GET CREDIT CARD OFFER ALERTS!
https://markscreditcards.com/offeralerts
💳👇 VIEW CREDIT CARD OFFERS!
https://markscreditcards.com/offers
🛍 RAKUTEN - Earn Cash Back!
https://markscreditcards.com/rakuten
🏦 TOP BANK ACCOUNTS (HIGH-YIELD)
https://markscreditcards.com/bankaccounts
⬆ (More links in Description below video!)
In this video, I'm breaking down 4 credit card habits that could be silently destroying your credit score—and how to stop them right now. Hitting an 800+ credit score might feel impossible with all the confusing rules around credit utilization—but it’s easier than you think! In this video, I’m breaking down 4 simple habits that need to end, and once they do, you’ll be on a much better path to building your credit score fast. By using these exact strategies, I’ve managed to keep my credit score above 800, never pay a single penny in credit card interest, and always pay my bills on time and in full. Watch to the end so you can do the exact same thing!
TOP CREDIT CARD OFFERS
I mean, it's right but does it really matter? Credit scores don't really matter until you need to borrow money. Just don't apply for new credit cards a year before you buy a house. New credit inquiries stay on your report for two years but the impact is mostly gone after the first six months.
🚨 Get Offer Alerts! https://markscreditcards.com/offeralerts
💳 View Card Offers! https://markscreditcards.com/offers
I paid off all my credit cards and the credit agencies reported all $0 balances. Well my credi scores dropped an average of 12 points that month and there were no other changes to my report. Since then I allow 1-3% utilization to report and my scores are steadily increasing.
📱 MaxRewards - Manage your cards (promo code = markr): https://markscreditcards.com/maxrewards
🤑 Rakuten American Express Card: https://markscreditcards.com/referrakutencreditcard
I thought hard inquires only sat around for about three months. I even had one disappear of my credit score in a single month which was weird.
TOP TRAVEL + POINTS DEALS
✈️ Thrifty Traveler - Flight & Hotel Deals! https://markscreditcards.com/thriftytraveler
I don't agree with your 4th point about paying a portion before the balance due date and the remainder after the balance due date. This could be construed by the banks to be credit cycling which could lead to a closure of the accounts.
✈️ Point.me - Maximize your points! https://markscreditcards.com/point.me
TOP BANK ACCOUNTS (HIGH-YIELD)
I agree fully with all of these tips, with the exception of #3. Since "credit scores", were never designed to report a person's responsible financial behavior but, instead were designed to help leaders know that, you will not default on the money they lend to you and that, they can make a lot (in interest payments) off of you over time. However, I do agree every credit card does not need to have a carry over balance. and also any amount carried over from month-to-month should be very low. (smile ... smile)
🏦 https://markscreditcards.com/bankaccounts
TOP CASH BACK OFFERS
I had a Citi Costco Visa since they were American Express. I moved away from a Costco, so maintaining it was basically an annual fee of Costco membership that I hadn't used for a couple of years. so, after cancelling the Costco membership, Citi eventually cancelled the card. The credit impact was pretty small with this one. Oddly enough, the closed Costco AmEx account was still reporting to my credit until recently, that dropping off actually had more of an impact, but still not major.
🛍️ Rakuten (Get $30+ or 3,000+ Amex/Bilt Points!): https://markscreditcards.com/rakuten
🛍️ Rakuten American Express Card (+4% Rewards!): https://markscreditcards.com/referrakutencreditcard
Greetings from Sydney Australia Mark. Many thanks. Great video. Luckily I knew all, but was a great revision ❤
💰 Chime (Get $100 Bonus!): https://markscreditcards.com/chime
🛍️ TopCashback (Get $10!): https://markscreditcards.com/topcashback
I feel personally attacked. All I do is obliterate my score because I card hop too often
TOP INVESTING LINKS
📊 Webull (Get 6+ Free Shares!): https://markscreditcards.com/webull
Yo you’re ripped💪!
📊 Robinhood: https://markscreditcards.com/robinhood
📊 Public: https://markscreditcards.com/public
great video! when was the last time you applied for a card?
📊 Wealthfront: https://markscreditcards.com/wealthfront
📊 Acorns: https://markscreditcards.com/acorns
Thank you Mark, I will not close my oldest credit card with no annual fee after listening to you.
------------
🎬 CHAPTERS
My foray into credit cards as an 18-19 year old was that they were great for making large purchases when you didn’t have enough money for the whole thing. I didn’t learn the proper way to use credit cards until my late 20s and now I’m in my 30s working on fixing those mistakes and bad habits
00:00 - Intro
00:44 - Habit 1
3:57 - Habit 2
8:04 - Habit 3
11:02 - Habit 4
Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as YourBestCreditCards.com, My Wealth Wallet, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the recording / posting date. Some of the offers mentioned may no longer be available and/or may not be available to all users. The content should not be taken as financial advice; it is an expression of opinion. Please do your own research before making a decision to apply for a card or act upon any of the information provided.
#creditcard #credittips #creditscore